Your confirmation deposit is held until you graduate or officially withdraw (including StayConnected and Time Off) from CU-Boulder, within established dates and guidelines (see the summer withdrawal chart and refer to the registrar's office website for the fall semester withdrawal chart). At that time, your deposit is credited toward any outstanding debts you owe the university. In approximately four weeks, any available refund is directly deposited into your bank account or mailed to you at your permanent address. To ensure you receive your refund, set up direct deposit or update your permanent address each time you move and before you graduate or withdraw.
Interest earned from confirmation deposits is used for student financial aid.